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trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely boosted growth in the last three months of 2012. >> so this is a good sign that exports were a little stronger than we thought when the numbers were first estimated and that is obviously a good sign for the economy. again, the economy is obviously growing way too slowly, but at least on this note, i think it will be revised upward. energy is a now a bright spot for the u.s. economy. thanks to new fracking technology, surging domestic production cut crude oil imports last year by 227 million barrels. but tt success was offset soewhat by impo
trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely...
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Feb 6, 2013
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we've got a deficit that's, let's just call it morning friends a trillion. the c.b.o. estimate was a little bit below finally. but around the neighborhood of a trillion. that's 12 times 85. on top of that, you will... you have t danger of kicking off a worldwide financial panic as people start worrying about, well, is the united states going to default on its debt? if it comes down to paying social security payments or the interest on the debt, are we so sure that america will cut the social security payments and pay the interest on the debt? and a whole bunch of questions like that that we don't want anybody thinking about. we always want people thinking america is going to pay its obligations all of them. all of them. >> charlie: and america is. and we always have. i believe we will. but that's why i'm sorri about even if it's a small probability of a cataclysmic crash to the national debt ceiling, it wouldn't be good. >> reporter: do you think it's essential for the administration to lay out how it were to reform entitlements? >> not at this stage. charlie: and ther
we've got a deficit that's, let's just call it morning friends a trillion. the c.b.o. estimate was a little bit below finally. but around the neighborhood of a trillion. that's 12 times 85. on top of that, you will... you have t danger of kicking off a worldwide financial panic as people start worrying about, well, is the united states going to default on its debt? if it comes down to paying social security payments or the interest on the debt, are we so sure that america will cut the social...
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Feb 6, 2013
02/13
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we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama impor
we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year....
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Feb 6, 2013
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we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you think about the single mom working 12 hours a day and her paycheck does not take her to the end of the month on food. what she realizes and has been a responsible mom, but realizes after she makes the decision to have her child not have an abortion is that her paycheck is not going to help her feed her infant. the women infant children program not only feeds these families, it also teaches them about nutrition and how to be healther and live healthier lives. this is important for families and the economy. we are helping people stay healthy longer and one of
we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you...
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as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets, none of which have ever come to balance. the house republicans have acted responsibly, our budget is yet to balance, so what we will do is put together a budget that balances in a ten-year time. all it does tomorrow it says to the president tell us when you'ryourbudget balances. it is important to do that because we have our principled solutions with the program. liz: used a dozen state when the budget would be balanced, is that it? >> we have had to end dollars deficit of the past four years in the past for budgets by this president have never come into balance ever in the 75
as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets,...
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Feb 5, 2013
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a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform that i put forward are still on the table. i have offered sensible reforms to medicare and other entitlements, and my health care proposals achieved the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowls simple son fiscal commission. these reforms radio reduce our government's bill. what's up, cameraman? come on, guys. they're breaking my flow a
a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are...
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Feb 4, 2013
02/13
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we're not out of the deficit of the 8 million jobs already lost. in terms of a system being skewed, if we are continually supported a system where jobs go to the already employed, we are really not doing anything to foster the economic recovery that is going to benefit everybody. in society. none of these laws and nothing the national employment law practice is advocating says you have to fill open jobs with unemployed people. we are saying that qualified unemployed people should be allowed to compete on terms that are fair and that is good for all of us in our economic recovery. host: baltimore, maryland, just hired. caller: i would like to say one thing -- i love cspan and site -- and i love to make it through my phone call. go ravens. i live in baltimore city and the unemployment rate in baltimore city is unbelievable. the problem you have is that not only is there so many people unemployed but that there is a lack of job opportunities. how will the work that you are doing affect people live in urban america who are african- americans who are la
we're not out of the deficit of the 8 million jobs already lost. in terms of a system being skewed, if we are continually supported a system where jobs go to the already employed, we are really not doing anything to foster the economic recovery that is going to benefit everybody. in society. none of these laws and nothing the national employment law practice is advocating says you have to fill open jobs with unemployed people. we are saying that qualified unemployed people should be allowed to...
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wake clawed back from a 20 point deficit to climb within 3 in the closing minutes maryland prevails, 73-63. that is a quick hit of sports hope everybody has a good nigh this is so sick! i can't believe your mom let you take her car out. this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. >>> it wasn't a pretty sight at this annual parade in switzerland. people wore all these ugly masks the reason for the masks dates back to the 15th century. people wear them to scare off the goods of winter. -- god
wake clawed back from a 20 point deficit to climb within 3 in the closing minutes maryland prevails, 73-63. that is a quick hit of sports hope everybody has a good nigh this is so sick! i can't believe your mom let you take her car out. this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru....
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keynesian can kicking, the economy has to be supported by a tril do i don't know dolla- trillion dollar deficit, if it is not we're going down the drain, that is nonsense, we cannot keep borrowing from future generations, and passing out money, and so we could have a little more gdp a quarter of a time, we have to face up to this, we did in 1980s, the system today is incapable, i blame the fed and greenspan for creating thar ofa wall street coddling. once they said they could not allow the stock market to drop more than 5%, and prop up the big wall street houses -- . charles: david, you criticized romney a lot during the election, talking about crony capitalism but the same token have you been a critic of paul ryan as well. so who has a solution? if mitt romney did not represent capitalism, this defore may be of capitalism in your book, what is that about? >> it is getting back to first principles and remembering what we used to think in the 19 70s, and 60s, and the 1920s, today it is such a lincoln day dinner rhetoric. romney was unwilling to cut defense, he said nothing about social security.
keynesian can kicking, the economy has to be supported by a tril do i don't know dolla- trillion dollar deficit, if it is not we're going down the drain, that is nonsense, we cannot keep borrowing from future generations, and passing out money, and so we could have a little more gdp a quarter of a time, we have to face up to this, we did in 1980s, the system today is incapable, i blame the fed and greenspan for creating thar ofa wall street coddling. once they said they could not allow the...
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Feb 9, 2013
02/13
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. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot of snow in massachusetts and new england. we at fox will be watching this closely. we have complete coverage for you this evening and again tomorrow as new england starts to dig out. that's it for "special report" for tonight. i'm john roberts in for bret baier. good night from washington. "the fox report" is next. >> shepard: this is the fox report. tonight, pictures from massachusetts. waves crashes as a major winter storm moves into the northeast. plus, any minute now we're expecting law enforcement to updates us on this manget the manhunt for this excop accused of killing three people and promising to kill many more. we will bring that to you live. plus, the secret service looking into who apparently got into the email accounts of the bush family. but first fro
. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot of snow in massachusetts and new england. we at fox will be watching this closely. we have complete coverage for you this evening and again tomorrow...
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to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal was to force a compromise by the so-called supercommittee. that didn't happen. now some lawmakers in both parties say the sequesterses of across the board cuts would be better than a bad deficit reduction deal. one senator said rather than continuing to raise taxes on hard-working americans, congress ought to be looking at ways to reduce our runaway federal spending. senator mitch mcconnell says congress acted on the tax issue when it allowed the bush administration tax cuts for the well-to-do to expire. some of them. now he says i
to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal...
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Feb 11, 2013
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we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on a national debt and that 15% is a large percentage of the national budget. >> bottom line, you could live with the sequester if it happens? >> i don't wa want to live with the sequester. they do not make sense and we're going to hurt a lot of people and it's up to the president really to act now. the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, 2k5i6d. you know, the bottom line is we want tax reform but we want to plug those loopholes that the president talks about to bring down tax rates because we believe that's pro growth and we can get an economy going again. let people who earn money keep more of it. the president is not talking about that. what he's talking about is trying to raise more taxes. >>> police in chicago are questioning two persons of interest in th
we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on a national debt and that 15% is a large percentage of the national budget. >> bottom line, you could live with the sequester if it happens? >> i don't wa want to live with the sequester. they do not make sense and we're going to hurt a lot of people and it's up to the president really to...
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budget office is predicting high unemployment continued through 2014 but, this is a big but, a lower deficit, the smallest since president obama's been in office, well under $1 trillion. they attribute that to an improving economy and to the fiscal cliff deal. veronica. >> tracie potts, thank you. >>> a major decision expected from the boy scouts of america. national board members set to vote on whether to lift the decade long ban on guy leaders and scouts. it comes after a meeting at the texas headquarters. it is a controversial issue from both sides and putting one of the largest youth organizations under a microscope. scouting should be open to everyone. texas governor rick perry expressed the opposite opinion. board members choose to scrap the policy, local scout units will be able to decide for themselves on whether or not to admit gays to the rankings. >>> on the heels of the boy scouts decision, the pentagon is announcing a policy shift for guy service members and partners. leon panetta expected to extend benefits to partners of personnel. it remains doubtful that medical, down theal
budget office is predicting high unemployment continued through 2014 but, this is a big but, a lower deficit, the smallest since president obama's been in office, well under $1 trillion. they attribute that to an improving economy and to the fiscal cliff deal. veronica. >> tracie potts, thank you. >>> a major decision expected from the boy scouts of america. national board members set to vote on whether to lift the decade long ban on guy leaders and scouts. it comes after a...
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Feb 8, 2013
02/13
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we talk about needing a balanced approach to cut this deficit, but why exactly do we need a balanced approach? it's not as if the economy distributes its games in a balanced way. if over the last ten or 15 years wages had gone up equally and profits had gone to the top 1% in an equal way, then you can say we need to rein in the deficit. instead, it seems like all of the games go to the top 1% but when it's time for pain, that we're going to spread across. that we need to give to social security, medicare, medicaid and we can't touch taxes. >> ryan grim and shira, have a good weekend. good luck. >> thank you. >>> snow is starting to fall across the northeast and forecasters say before it's done, this will be one for the record books. stephanie abrams is live for us in new york city's times square. good morning. >> reporter: chris, good morning to you. in times square, we have seen it all. nemo has been a triple threat, rain, sleet, and snow. laguardia and central park have been reporting all snow throughout the morning hours and it's not only new york. it goes into connecticut. and ne
we talk about needing a balanced approach to cut this deficit, but why exactly do we need a balanced approach? it's not as if the economy distributes its games in a balanced way. if over the last ten or 15 years wages had gone up equally and profits had gone to the top 1% in an equal way, then you can say we need to rein in the deficit. instead, it seems like all of the games go to the top 1% but when it's time for pain, that we're going to spread across. that we need to give to social...
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jer that's going to be our deficit this year. are you happy about that? we're under a trillion. whoo hoo, throw a party, right? >> and the sequester's supposed to cut that by a grand total of about 10%. but fema's a perfect example of what i'm talking about. does anybody not really believe that fema couldn't increase its efficiency by 5%? my goodness, that's nothing given the kind of waste, fraud and abuse that you've shown on this show. look, they could easily do that. gerri: well, that would be a starting point. that's not the whole way to go, that's for sure. there's more to be done. >> but let's go back to my original idea. why can't we get back to the old-fashioned idea of people getting relief from their local governments and state governments and churches and people in their area? i was in houston not long ago, and people were say, you know, we had a terrible storm in houston. very few people got federal relief, and the homes that were damaged and the stores that were damaged were very rapidly rebuilt with almost no federal money. when did we get this idea that everything
jer that's going to be our deficit this year. are you happy about that? we're under a trillion. whoo hoo, throw a party, right? >> and the sequester's supposed to cut that by a grand total of about 10%. but fema's a perfect example of what i'm talking about. does anybody not really believe that fema couldn't increase its efficiency by 5%? my goodness, that's nothing given the kind of waste, fraud and abuse that you've shown on this show. look, they could easily do that. gerri: well, that...
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Feb 10, 2013
02/13
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reporter: while some of the president's most prominent items fell well below the economy in budget deficit among top concerns, mr. obama is prepared to cast them in economic terms as well, citing the benefits of attracting the world's best minds. the president's tone will matter, tomatter t, too. >> he can continue the approach he's taken, cl which is very mu an outside game. turn up the heat. or he can go to a more conciliatory tone. >> reporter: he has three stops after the speech, asheville, north carolina. atlanta, georgia. winding down in his hometown of chicago. >> all right, peter. we want to remind everyone, nbc news will have live coverage of the state of union address on tuesday at 9:00 eastern. >>> gunfire erupted on enormous' famedourbon street overnight, wounding four people and sending mardi gras revelers running for cover. police said the shooting followed an argument. two men and two women were hit. one of those injured is in guarded condition. the shooter still at large. new orleans has for years suffered an epidemic of gun violence, earning it the distinction of being the
reporter: while some of the president's most prominent items fell well below the economy in budget deficit among top concerns, mr. obama is prepared to cast them in economic terms as well, citing the benefits of attracting the world's best minds. the president's tone will matter, tomatter t, too. >> he can continue the approach he's taken, cl which is very mu an outside game. turn up the heat. or he can go to a more conciliatory tone. >> reporter: he has three stops after the...
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Feb 8, 2013
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focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic budget cuts arguing the public favors his plan for a balanced solution. >>> turning to the topic of guns. the president will continue his push to stop gun violence as the first lady pays tribute to the latest victim. michelle obama is headed to chicago this weekend to attend the funeral of 15-year-old what day yeah pendleton. the honors student was shot last week in a chicago park just days after performing at inauguration students in d.c. pendleton was among 40 people gunned down in chicago last month, making january its deadliest month in over a deck. >> the white hous
focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic...
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Feb 7, 2013
02/13
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us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to close some tax loopholes and deductions that the average american cannot take advantage of, to raise the revenue, to actually do the job in a way that allows us to continue to grow. now, the reason this is relevant is because i gather and i haven't gotten this from first-hand sources, but from second hand sources in the press that our friends on the other side of the aisle, their position is we're concerned about the sequester. we recognize that just cutting the federal spending with the meat ax as opposed to scalpel is probably damaging and will damage our national security and will damage our e
us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to...
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Feb 7, 2013
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we don't need to do this now so i think we should -- we've done plenty of deficit reduction for right now. the newest cbo numbers show the deficit is going to come down dramatically in the next couple of years. let's get to another election. >> can you really say -- can you real say we've done deficit reduction when in fact the only thing that was cut was the projected it was -- laura. we still have $16.4 trillion in debt. that's -- >> yes, and i want to ask you, maria, what's the concern about that? can we pay off that debt? all of the world's bond markets and capital investors think we can. i think we can. i don't know why we want to fix it sate on that number right now. i want to fixate on fixing debt to gdp ratio. i said, there was more work to be done. we do not have to do it this year and we do not have to do it in this way. >> real quick, what are the olds of the deal? bob? >> ah, 30%. >> 30% odds of a deal. you agree with that, laura? >> you know, we might blow through the sequester deadline. i think once people look at the cuts that are required, they are going to back away,
we don't need to do this now so i think we should -- we've done plenty of deficit reduction for right now. the newest cbo numbers show the deficit is going to come down dramatically in the next couple of years. let's get to another election. >> can you really say -- can you real say we've done deficit reduction when in fact the only thing that was cut was the projected it was -- laura. we still have $16.4 trillion in debt. that's -- >> yes, and i want to ask you, maria, what's the...
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Feb 11, 2013
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> reporter: while some of the president's most prominent items fallwell below the economy in budget deficits, among americans' top concerns, mr. obama is expected to cast them in economic terms as well, citing among other things, the benefits of attracting the world's best minds. the president's tone will matter, too, as he faces a choice between confrontation and compromise. >> he can continue the approach he's taken, which is very much an outside game, pressure the congress, turn up the heat. or he can go for a more conciliatory approach in this speech. >> reporter: the president will follow up his speech by taking his state of the union message on the road. he has three stops after the speech. they are asheville, north carolina, atlanta, georgia, winding down in his hometown of chicago. >> thank you, peter. we want to remind everyone, nbc news will have live coverage of the state of the union address tuesday at 9:00 eastern. >>> gunfire erupted on new orleans' famed bourbon street overnight, wounding four people and sending mardi gras revelers running for cover. police said the shooting f
> reporter: while some of the president's most prominent items fallwell below the economy in budget deficits, among americans' top concerns, mr. obama is expected to cast them in economic terms as well, citing among other things, the benefits of attracting the world's best minds. the president's tone will matter, too, as he faces a choice between confrontation and compromise. >> he can continue the approach he's taken, which is very much an outside game, pressure the congress, turn up...
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Feb 11, 2013
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. >> i will not allow the structural deficit to be balanced solely on the backs of baltimore city residents and employees. not on my watch. private developers will be a part of the long term solution. >> reporter: the report issued last week by public financial government sites employee pension and health care cost. >> baltimore's pension system for civilian workers is the only large system in maryland that doesn't require an employee contribution. that must change. >> reporter: the mayor is also proposing trash removal user fees. >> and we are having a little technical difficult there. thank you pat. mayor blake told council members that she has never been one to sugar coat things. >>> still ahead, seeking justice after a teenager is killed. >> still flying high after 40 years. that story as wjz continues. >> looking for ways to save some money and the environment at the same time. go shopping. we'll explain just ahead. >> pretty much cloudy all day, but sun is in our future. don't miss the updated first warning forecast with bob. >>> it is cloudy, 52 degrees in central maryland right now.
. >> i will not allow the structural deficit to be balanced solely on the backs of baltimore city residents and employees. not on my watch. private developers will be a part of the long term solution. >> reporter: the report issued last week by public financial government sites employee pension and health care cost. >> baltimore's pension system for civilian workers is the only large system in maryland that doesn't require an employee contribution. that must change. >>...
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Feb 10, 2013
02/13
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MSNBCW
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they see big deficits. this is an opportunity to real against deficits and of course what you must do is cut social security benefits for some reason to deal with the current deficit and so that's a big part of it. and that influences the debate. the other thing is there are a lot of people in d.c. who posture, whose persona is that of being serious and you show that by being lling to impose suffering and cuts. the serious thing to do right now to spend is very, very. so they don't -- i think they just find it hard to even wrap their minds around the notion that the opposite of what they usually call for is what you need to do right now. >> and i think that's particularly true in the case after financial crises. in your earlier book you talk about the idea that there's a sense -- deep intuitive moral sense in which people feel you need to pay penance, right? >> right. >> if there's been crisis, there's been sin, and the only way to get oust sin is penance, and you have a great argument about that in your bo
they see big deficits. this is an opportunity to real against deficits and of course what you must do is cut social security benefits for some reason to deal with the current deficit and so that's a big part of it. and that influences the debate. the other thing is there are a lot of people in d.c. who posture, whose persona is that of being serious and you show that by being lling to impose suffering and cuts. the serious thing to do right now to spend is very, very. so they don't -- i think...
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Feb 9, 2013
02/13
by
FOXNEWS
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listen to this. >> our deficit is a big problem. think about it. [applause] our national debt, $16.5 trillion. you think that's not a lot of money. tell you what, count one number per second, one number per second. you know how long it would take you to count to 16 trillion, 5,007 years. some people say, they say, well, that's not fair because it doesn't hurt guy who made $10 billion as much as the guy who made 10. where does it say you have to hurt the guy? he just put a billion dollars in the pot. you know, we don't need hurt him. >> amazing speech. move over, president obama, the doctor is in the house. joining me the author of "america the beautiful, a director of pediatric neurosurgery, dr. benjamin carson. doctor, that speech moved me deeply. what's been the reaction so far? >> the reaction has been overwhelming. we've been deluged with emails, with calls. 99.5% positive. >> sean: wow. >> that doesn't surprise me, because the way that i lay things out was really logical. it wasn't right wing, it wasn't left wing. it was just logic and common
listen to this. >> our deficit is a big problem. think about it. [applause] our national debt, $16.5 trillion. you think that's not a lot of money. tell you what, count one number per second, one number per second. you know how long it would take you to count to 16 trillion, 5,007 years. some people say, they say, well, that's not fair because it doesn't hurt guy who made $10 billion as much as the guy who made 10. where does it say you have to hurt the guy? he just put a billion dollars...
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56
Feb 7, 2013
02/13
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MSNBC
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american people understand -- i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't be just on the backs of young people who are trying to get a college education. it should not be on the backs of parents who are trying to give their kids a better start in life. that all of us have to participate and that, in fact, it's important for us to make sure we've got a strong national defense and that we reduce our spending in a smart way. those of us who are luckiest in the society to close a few loopholes and deductions that the average american doesn't get. if that's the choice that we've got, i promise you we can win that debate because we're on the right side of this argument. i hope -- i expect that you guys will be with me on that. last point i'll make, obviously economic growth is a priority. making sure that we're opening up opportunity for everybody is also important. that's why emgregs reform is so critical. i said this is going to be a top priority and an early priority of my administration. i am hea
american people understand -- i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't be just on the backs of young people who are trying to get a college education. it should not be on the backs of parents who are trying to give their kids a better start in life. that all of us have to participate and that, in fact, it's important for us to make sure we've got a strong national defense and that we reduce...